Difference between EXIT and CANCEL in Nest order book?
The exit option on NEST is for Cover orders and Bracket orders, where a SL order is automatically placed while placing the original order. So if you want to square off the SL order, you can either use the exit option to square off this pending order at market price.
Cancel option is to cancel any open pending orders. You cannot cancel pending SL order in case of cover or bracket orders.
FMore on Cover orders and Bracket orders.
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Exit Cover Order squares off your order (in case of cover order or bracket order)
Cancel Order cancels any pending order whether partial or fully as per current situation.